Skip to content
OpenCapital
Get started

PG&E PCG Q4 2025 Annual earnings

Reported February 12, 2026 · Before market open

Revenue$6.8BMiss by $248.6MDiluted EPS$0.36Miss by $0.00
Revenue estimate$7.1B
EPS estimate$0.36

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$6.1B
EPS estimate$0.37

Financials

Q4 2025

Income statement

See full
Revenue$6.8B+2.6%
Operating income$1.2B+20.0%
Net income$670.0M-0.6%
EPS (diluted)$0.29-3.3%

Balance sheet

See full
Cash & equivalents$972.0M-19.9%
Total debt$60.5B+7.7%
Total equity$32.5B+7.9%
Total assets$141.61B+5.9%

Cash flow

See full
Operating cash flow$2.0B+1.4%
CapEx$3.2B+11.6%
Free cash flow-$1.2B-33.5%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$35.32B-20.2%
Enterprise value$94.86B-4.4%
P/E13.1×-4.6×
P/S1.4×-0.4×

Profitability

See full
Operating margin19%+0.8pp
Net margin10.8%+0.6pp
FCF margin-12.3%—

Returns & leverage

See full
Return on equity8.6%-0.5pp
Debt / equity1.9×0.0×
Current ratio1×-0.1×

Segments

By product

See full
Electric$3.8B-31.8%
Natural Gas, US Regulated$1.9B+3.6%

Versus estimates

Revenue

Q1 2026$6.9BBeat by $622.9M
Q4 2025$6.8BMiss by $248.6M
Q3 2025$6.3BMiss by $160.6MQ2 2025$5.9BMiss by $340.9MQ1 2025$6.0BMiss by $151.9MQ4 2024$6.6BMiss by $587.6M

Diluted EPS

Q1 2026$0.43Beat by $0.03
Q4 2025$0.36Miss by $0.00
Q3 2025$0.50Beat by $0.08Q2 2025$0.31Miss by $0.01Q1 2025$0.33Miss by $0.01Q4 2024$0.31Miss by $0.00

Ask the moment PG&E reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did PG&E report Q4 2025 earnings?
PG&E (PCG) reported Q4 2025 earnings on February 12, 2026 before market open.
What were PG&E's Q4 2025 revenue and EPS?
PG&E reported revenue of $6.8B and diluted EPS of $0.36 for Q4 2025.
Did PG&E beat estimates in Q4 2025?
Revenue missed the consensus estimate of $7.1B by $248.6M. EPS missed the consensus estimate of $0.36 by $0.00.
How did PG&E's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.6% from $6.6B a year earlier and diluted EPS grew 16.1% from $0.31.
Where can I find PG&E's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001004980-26-000008) and the 10-K periodic report (0001004980-26-000009) directly on SEC EDGAR. The filing index links above go to sec.gov.